KNRG vs. HEQT

Last updated Jun 5, 2026

KNRG (Simplify Kayne Anderson Energy and Infrastructure Credit ETF) and HEQT (Simplify Hedged Equity ETF) are both exchange-traded funds - KNRG is a Nontraditional Bonds fund actively managed by Simplify, while HEQT is a Options Trading fund actively managed by Simplify. Both are actively managed. Over the past year, KNRG returned 9.17% vs 14.78% for HEQT. At a 0.48 correlation, their price movements are largely independent. KNRG charges 0.76%/yr vs 0.53%/yr for HEQT.

Performance

KNRG vs. HEQT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) and Simplify Hedged Equity ETF (HEQT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KNRG achieves a 2.52% return, which is significantly lower than HEQT's 4.92% return.

KNRG

• 1D: 0.14%
• 1M: 0.59%
• YTD: 2.52%
• 6M: 2.76%
• 1Y: 9.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEQT

• 1D: -0.03%
• 1M: 1.33%
• YTD: 4.92%
• 6M: 5.48%
• 1Y: 14.78%
• 3Y*: 13.47%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KNRG vs. HEQT - Yearly Performance Comparison

	2026 (YTD)	2025
KNRG Simplify Kayne Anderson Energy and Infrastructure Credit ETF	2.52%	7.33%
HEQT Simplify Hedged Equity ETF	4.92%	10.26%

Correlation

The correlation between KNRG and HEQT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since May 29, 2025	0.48

KNRG vs. HEQT - Sectors Allocation Comparison

Sectors	KNRG	HEQT
Utilities	100.0%	2.3%
Basic Materials	-	1.8%
Communication Services	-	10.9%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.9%
Healthcare	-	8.4%
Industrials	-	8.1%
Real Estate	-	1.9%
Technology	-	36.2%

Return for Risk

KNRG vs. HEQT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KNRG

KNRG Risk / Return Rank: 82
KNRG Sharpe Ratio Rank: 82
KNRG Sortino Ratio Rank: 88
KNRG Omega Ratio Rank: 89
KNRG Calmar Ratio Rank: 70
KNRG Martin Ratio Rank: 81

HEQT

HEQT Risk / Return Rank: 72
HEQT Sharpe Ratio Rank: 72
HEQT Sortino Ratio Rank: 75
HEQT Omega Ratio Rank: 82
HEQT Calmar Ratio Rank: 60
HEQT Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KNRG vs. HEQT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) and Simplify Hedged Equity ETF (HEQT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	KNRG	HEQT	Difference
Sharpe ratio: Return per unit of total volatility	2.62	2.33	+0.30
Sortino ratio: Return per unit of downside risk	3.93	3.31	+0.61
Omega ratio: Gain probability vs. loss probability	1.55	1.49	+0.07
Calmar ratio: Return relative to maximum drawdown	3.40	2.92	+0.48
Martin ratio: Return relative to average drawdown	15.86	13.35	+2.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KNRG vs. HEQT - Sharpe Ratio Comparison

The current KNRG Sharpe Ratio is 2.62, which is comparable to the HEQT Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of KNRG and HEQT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KNRG	HEQT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	2.33	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	2.81	1.08	+1.72

Drawdowns

KNRG vs. HEQT - Drawdown Comparison

The maximum KNRG drawdown since its inception was -2.71%, smaller than the maximum HEQT drawdown of -11.51%. Use the drawdown chart below to compare losses from any high point for KNRG and HEQT.

Drawdown Indicators

	KNRG	HEQT	Difference
Max Drawdown Largest peak-to-trough decline	-2.71%	-11.51%	+8.80%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-5.09%	+2.38%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.57%	—
Current Drawdown Current decline from peak	0.00%	-0.09%	+0.09%
Average Drawdown Average peak-to-trough decline	-0.33%	-2.79%	+2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	1.11%	-0.53%

Volatility

KNRG vs. HEQT - Volatility Comparison

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) and Simplify Hedged Equity ETF (HEQT) have volatilities of 0.75% and 0.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KNRG	HEQT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	0.73%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.17%	5.27%	-3.10%
Volatility (1Y) Calculated over the trailing 1-year period	3.52%	6.38%	-2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.52%	8.47%	-4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.52%	8.47%	-4.95%

KNRG vs. HEQT - Expense Ratio Comparison

KNRG has a 0.76% expense ratio, which is higher than HEQT's 0.53% expense ratio.

Dividends

KNRG vs. HEQT - Dividend Comparison

KNRG's dividend yield for the trailing twelve months is around 6.94%, more than HEQT's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021
HEQT Simplify Hedged Equity ETF	1.19%	1.19%	1.29%	4.10%	3.94%	0.27%
KNRG Simplify Kayne Anderson Energy and Infrastructure Credit ETF	6.94%	4.22%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KNRG and HEQT in my portfolio?

KNRG and HEQT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KNRG or HEQT?

KNRG has higher volatility (0.75%) compared to HEQT (0.73%). In terms of maximum drawdown, KNRG dropped -2.71% vs HEQT's -11.51%.

Which ETF is better, KNRG or HEQT?

On 1-year performance, HEQT leads with 14.78% vs 9.17% for KNRG. On fees, HEQT is cheaper at 0.53% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KNRG or HEQT?

Over the 1-year period, HEQT has performed better with a 14.78% return vs 9.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KNRG or HEQT?

HEQT is cheaper with a 0.53% expense ratio, compared with 0.76% for KNRG.

Which ETF pays a higher dividend yield, KNRG or HEQT?

KNRG has the higher dividend yield at 6.94%, compared with 1.19% for HEQT.

What is the main difference between KNRG and HEQT?

KNRG is categorized as Nontraditional Bonds, while HEQT is Options Trading. Their fees differ too: 0.76% for KNRG and 0.53% for HEQT.

Which has better risk-adjusted returns?

KNRG currently has the higher Sharpe Ratio (2.62 vs 2.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.